Is China a friend or foe? With the tremendous business opportunity in China, some say the country is a powerhouse in terms of economic development. Others say that the China threat is something we need to examine and tread lightly. Should we consider China an economic partner or a friend?
The late Larry Abraham was the Founder and Chairman of PanAmerica Capital Group, Inc. and editor of Insider Report. He joined Dennis McCuisition to discuss his somewhat controversial views of China and what some refer to as the “China threat”.
There has been no parallel throughout history for China’s economic situation. They went from almost zero economic opportunity to a powerhouse opportunity and increasing in strength. This growth directly affects the United States. Larry Abraham discusses his views on China’s military ambitions, trade surplus and the outsourcing of US jobs.
Military Ambitions – China is increasing its army. Larry Abraham explains how China’s traditional enemies play into that. Being highly exposed to China’s culture, environment and history, he explains the viewpoint that China views America with and offers his answers.
Trade Surplus – With America buying a surplus of Chinese products, it has left American trade at a deficit and China with a surplus. Dennis McCuistion and Larry Abraham discuss in detail the opposing thoughts regarding this situation and what this could mean for the future.
Exporting – McCuistion and Abraham discuss the effects of exporting American jobs overseas.
With China’s impoverished history, Larry Abraham explains the changing economic environment and its affect across the classes. He also discusses the changing environmental situation. With 70% of the water in China being contaminated, the government is making changes regarding air and water and other environmental issues.
We are seeing a new China. Larry Abraham’s perspective offers answers as to whether the China threat is something to be concerned about or not.
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01.13.08 – 1705
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